Traffic Safety Equipment Global Market Report 2023: Sector to Reach $6.5 Billion by 2030 at a 6.8% CAGR

DUBLIN, May 29, 2023 /PRNewswire/ -- The "Traffic Safety Equipment - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Traffic Safety Equipment Market to Reach $6.5 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Traffic Safety Equipment estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$6.5 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Traffic Vests & Rainwear, one of the segments analyzed in the report, is projected to record 7.2% CAGR and reach US$4.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Tube Delineators segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 11.1% CAGR

The Traffic Safety Equipment market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Select Competitors (Total 47 Featured) -

• 3M Company
• Emedco.com
• Ergodyne
• Evelux USA
• Honeywell International, Inc.
• MCR Safety
• Pexco LLC
• RoadSafe Traffic Systems, Inc.
• Roadtech Manufacturing
• SWARCO AG
• Tamis Corporation
• The Cortina Companies
• TrafFix Devices, Inc.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession
• Influencer Market Insights
• World Market Trajectories
• Traffic Safety Equipment - Global Key Competitors Percentage Market Share in 2020 (E)
• Traffic Safety Equipment Competitor Market Share Scenario Worldwide (in %): 2018E
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)
• Traffic Vests & Rainwear (Product Type) Global Competitor Market Share Positioning for 2018 & 2027
• Tube Delineators (Product Type) Market Share Breakdown of Key Players: 2018 & 2027
• Traffic Cones (Product Type) Competitor Revenue Share (in %): 2018 & 2027
• Traffic Barricades (Product Type) Market Share Shift by Company: 2018 & 2027

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/74n8lt

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SOURCE Research and Markets